Remove Debt Remove Economical Remove Finance Remove Recession
article thumbnail

Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

As Americans assess their financial situations following a challenging year, several economic signs — including continued high interest rates and lingering inflation — are still warning of a possible recession sometime in 2023. Maliga shares several ways to prepare for a recession: Prepare a bare bones budget.

Recession 100
article thumbnail

The ABC’s of Debt Reduction

Prairie Eco-Thrifter

The economic effects of the recession of 2008 are still very much upon us. As a result of the recession, many have resolved to forever alter the way that they conduct their household business. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt.

Debt 157
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stay the Course Financially

Prairie Eco-Thrifter

When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. They asked him what would likely cause us to come out of recession. We all are typically affected by the conditions around us, including economic conditions.

article thumbnail

23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

And economic downturns can pose challenges, too. Some platforms invest in equity (stock), while others invest in debt. Generally, stock offers high returns in exchange for more risk, while debt offers lower returns in exchange for less risk. REIT dividends are not protected from tough economic times, either.

Money 52